Liberum Capital downgraded shares of Gem Diamonds (LON:GEMD) to a hold rating in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports. Liberum Capital currently has GBX 60 ($0.78) price objective on the stock, down from their previous price objective of GBX 105 ($1.37).
Several other research firms have also weighed in on GEMD. Shore Capital reiterated a not rated rating on shares of Gem Diamonds in a research note on Friday, October 4th. Bank of America reissued a buy rating on shares of Gem Diamonds in a research note on Tuesday, October 8th. JPMorgan Chase & Co. decreased their price target on shares of Gem Diamonds from GBX 110 ($1.44) to GBX 75 ($0.98) and set a neutral rating for the company in a research note on Wednesday, November 6th. Finally, Berenberg Bank decreased their price target on shares of Gem Diamonds from GBX 95 ($1.24) to GBX 93 ($1.22) and set a hold rating for the company in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Gem Diamonds presently has a consensus rating of Hold and a consensus target price of GBX 92.17 ($1.20).
Shares of GEMD stock opened at GBX 50.15 ($0.66) on Monday. The company has a market cap of $72.41 million and a P/E ratio of 11.94. Gem Diamonds has a fifty-two week low of GBX 57.85 ($0.76) and a fifty-two week high of GBX 115 ($1.50). The company has a debt-to-equity ratio of 16.01, a quick ratio of 0.77 and a current ratio of 1.55. The stock has a 50 day simple moving average of GBX 62.51 and a two-hundred day simple moving average of GBX 73.10.
Gem Diamonds Limited explores for and develops diamond mines. The company's flagship project is the Leteng mine located in the Kingdom of Lesotho. It also manufactures, sells, and markets rough and polished diamonds. In addition, the company provides technical, financial, and management consultancy services.
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